Atomik-AM Secures £600K Funding for Sustainable Expansion
Revolutionizing Manufacturing: Atomik-AM Secures £600K in Funding! In a remarkable turn of events, Atomik-AM, a pioneering manufacturing enterprise based in Liverpool, UK, has successfully raised £600K in funding from the Northern Powerhouse Investment Fund II. This significant investment marks a pivotal moment for the company as they set their sights on expanding operations and enhancing their business reach.
At the helm is CEO and Founder of Atomik-AM, who has spearheaded the development of a cutting-edge, sustainable process that transforms aluminum metal waste into durable products.
What's more, the manufacturing process doesn’t just stop there; it ingeniously recycles the excess waste into energy. With sustainability at its core, the company aims to make a formidable impact not just in manufacturing but also in environmental responsibility.
Atomik-AM is currently focused on patenting a series of innovative products, including their flagship offering, the Universal Binder, a revolutionary “glue” tailored for 3D metal printing. This product is set to benefit key sectors such as automotive, aerospace, and energy, facilitating companies to scale production of critical components effectively. Notably, this round of funding follows a previously secured £125K investment from LYVA Labs, backed by the Liverpool City Region Combined Authority earlier this year. As investors look to fund sustainable ventures, Atomik-AM stands out as a promising contender in the investment landscape.
Key Terms Explained
- Funding
- The financial investment in a business or enterprise, often used to support an idea, project, or expansion. It can come from various sources like venture capitalists, angel investors, crowdfunding, etc.
- Northern Powerhouse Investment Fund II
- A specific fund or pool of capital set up to invest in businesses. The fund, in this case, have chosen to invest in the startup Atomik-AM.
- Investors
- Individuals or entities that provide capital to a business or project with the expectation of receiving a return on their investment, typically in the form of a profit or ownership stake.
Frequently Asked Questions
- How much funding has Atomik-AM secured?-Atomik-AM has secured a total of £600K in funding.
- Who are the investors in Atomik-AM?+
- What kind of products is Atomik-AM creating?+
- What sectors could benefit from Atomik-AM's Universal Binder?+
- What is the focus of Atomik-AM's manufacturing process?+
They've invested in Atomik-AM
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